Hints and tips:
...Ariel Slonim at MRU Econinbox...
...Political will for public R&D investment has materialised....
...Acting PM Ariel Henry has pledged to resign as violent gangs thrive in the power vacuum....
...Even Jay Powell once compared using R* to guide monetary policy as navigating by stars that keep moving around the sky. At the recent Jackson Hole conference he added that it was also cloudy....
...Haiti’s Prime Minister Ariel Henry has re-emerged in Puerto Rico after his whereabouts were unknown for days....
...On August 25, Federal Reserve chair Jay Powell summarised the mood when he said “we are navigating by the stars under cloudy skies”. Economists do have some tools to illuminate the path ahead....
...Silent night, soft-landing night,Hawks do quake at the sight;Blessings stream from a steady R*,Econo-mists sing Alleluia,Price stability borne!Price stability borne....
...Others have expressed concern at the potential ratcheting up of tensions with China and the ditching of Federal Reserve chair Jay Powell....
...US Federal Reserve chief Jay Powell appeared to hose down any lingering hopes of early interest rate cuts by telling lawmakers that progress on reaching its 2 per cent inflation goal was not “assured”....
...But it’s OK, people, because Jean Boivin, head of the BlackRock Investment Institute, says the nominal equivalent (R*) is 5.5 per cent. Thanks Jean, that’s settled a long-running debate....
...The BoE needs to see pay growth coming down fast What I’ve been reading and watching My colleagues have written an explainer on movements in the long-term neutral interest rate (or r*)....
...Not a whole lot has changed; the economy’s equilibrium interest rate has stayed low: Many economists, including Jay Powell, have noted how imprecise measuring R-star is, so scepticism is due....
...But Halle’s casting as Ariel in the forthcoming Disney remake of The Little Mermaid has stalled their momentum: hence Chlöe’s relaunch as a solo artist (now with added umlaut)....
...They disagree on the level of the neutral interest rate, or R-star — the level at which monetary policy neither accommodative nor restrictive....
...Researchers at the New York Fed surmise that R-star has risen in the short-run, but expect it to fall back to a lower level in the longer term....
...So nobody wants to be Arthur Burns, least of all Jay Powell....
...In his early twenties, he became manager of a lounge bar in Newark owned by bandleader Teddy Powell....
...“You should be able to have a blues tune next to a country tune next to a jazzy tune next to an R&B tune,” she says....
...Robert Armstrong I have a contrarian long on Jay Powell (Pronounced as Paul). Do we say Powell? Ethan WuPowell. (Laughter)Robert ArmstrongPaul is the English . . . I’ll say the name....
...Substitute the “Fed” for “love” and you have the theme of 2022-2023, with the global central bank’s captain, Jay Powell, doing the heavy lifting. We need to renormalise the cost of money....
...We received government funding for R&D and toward building this pilot plant....
...There is no such thing as r-star, the natural rate of interest. There are two natural rates, one for prices (higher) and one for employment (lower)....
...Jay Powell is warning of “pain” and “unfortunate costs” for households and companies. Andrew Bailey says the Bank of England “will not hesitate to raise interest rates”....
...Related Links:Joe Biden nominates Jay Powell for second term as Fed chair — FT...
...To paraphrase a commodity trading Crocodile Dundee talking to the denizens of r/wallstreetbets — “that’s not a short squeeze; this is a short squeeze”: The London Metals Exchange has halted trading in three-month...
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